Russian president meets with Vnesheconombank CEO

On Wednesday, the bank’s supervisory board endorsed a development strategy till the year 2016

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MOSCOW, September 30 (Itar-Tass) —— Russian President Dmitry Medvedev on Thursday had a working meeting with CEO of one of Russia’s biggest banks, Vnesheconombank, Vladimir Dmitriyev, the Kremlin press service reported.

“Medvedev and Dmitriyev discussed issues of the bank’s development and strategy, as well as loans to small and medium-sized businesses and Vnesheconombank’s initiatives to extend areas of small businesses that might receive loans from development institutions,” the press service said.

On Wednesday, the bank’s supervisory board endorsed a development strategy till the year 2016. “The strategy is aimed at the realization of Vnesheconombank’s potential, at the consolidation of efforts, at supporting key sectors of the economy, top-priority areas of innovative development,” Dmitriyev said after the board meeting.

According to the Vnesheconombank CEO, “the bank’s total credit portfolio will be 850 billion roubles, and its contribution to the development of the domestic economy will be two percent of GDP a year.”